PHNOM PENH: The Embassy of Japan in Cambodia hosted a reception on January 28, 2025, to commemorate the 20th anniversary of Japan-ASEAN financial and technical assistance in Cambodia.
The event celebrated the successful implementation of the ASEAN+3 Bond Markets Initiative (ABMI), which has significantly contributed to the development of Cambodia’s local currency bond market.
The reception was attended by key government officials, including Deputy Prime Minister Dr. Hang Chuon Naron and Governor Dr. Chea Serey of the National Bank of Cambodia, along with representatives from the Ministry of Economy and Finance, the Asian Development Bank, and other stakeholders.
In his address, Ambassador Dr. Atsushi Ueno emphasized the significance of this milestone: “This reception marks a significant achievement in our collaborative efforts to strengthen Cambodia’s financial sector. The progress made over the past 20 years is a testament to the dedication and commitment of all stakeholders.”
He further highlighted the importance of ABMI: “The ASEAN+3 Bond Markets Initiative has been instrumental in fostering the development of a vibrant and sustainable bond market in Cambodia. Through technical assistance and knowledge sharing, we have witnessed remarkable progress, including the successful issuance of various bond instruments.”
The Ambassador also expressed optimism for the future: “The development of a robust bond market will not only stimulate corporate investment and facilitate government policy implementation but also contribute significantly to Cambodia’s economic growth and financial stability.”
The reception provided a platform for participants to exchange views on the challenges and opportunities facing Cambodia’s bond market. Discussions focused on the need to enhance investor education, promote market liquidity, and further develop the regulatory framework to support sustainable market growth.
This collaboration between Japan, ASEAN, and the Royal Government of Cambodia has played a crucial role in strengthening Cambodia’s financial sector and promoting economic growth.